ANZ’s Profit Flat, Increases Dividend

ANZ’s Profit Flat, Increases Dividend

Updated Nov. 12, 2023 5:45 pm ET SYDNEY—ANZ Group Holdings said its annual net profit was flat on a year earlier, but the bank increased its dividend even as higher interest rates impact economic activity. The Australian major lender reported a statutory profit of 7.1 billion Australian dollars (US$4.51 billion) for the 12 months through … Read more

Hamas Needed a New Way to Get Money From Iran. It Turned to Crypto.

Hamas Needed a New Way to Get Money From Iran. It Turned to Crypto.

Nov. 11, 2023 11:00 pm ET In mid-2019, Israel’s military used a precision strike on a narrow street to kill a Hamas commander whom it called Iran’s money man in Gaza. The commander ran an off-the-books system of remittances in which trusted agents shuttled physical cash and goods across borders to settle customers’ balances. This … Read more

Key Witness at Sam Bankman-Fried Trial to Launch New Crypto Exchange

Key Witness at Sam Bankman-Fried Trial to Launch New Crypto Exchange

A group of former FTX executives, including one who served as a key witness against Sam Bankman-Fried, are teaming up to build a new cryptocurrency exchange that aims to solve the problems that doomed their previous employer. Trek Labs, a Dubai-based startup led by the former FTX general counsel Can Sun, received a license from … Read more

Basic Materials Roundup: Market Talk

Basic Materials Roundup: Market Talk

Updated Nov. 10, 2023 5:23 pm ET The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 1405 ET – Wheaton Precious Metals missed on adjusted earnings, but only due to timing of sales. National Bank of Canada’s Shane Nagle says in a report … Read more

Hack at ICBC Targeted the Digital Underbelly of Financial Markets

Hack at ICBC Targeted the Digital Underbelly of Financial Markets

Unit of Industrial and Commercial Bank of China remains unplugged for U.S. markets.

EQT Plans to Take Japan’s Benesse Private in Over $1 Billion Deal

EQT Plans to Take Japan’s Benesse Private in Over  Billion Deal

Swedish investment company EQT plans to take Japanese education services provider Benesse Holdings private in a deal valued at more than $1 billion, by teaming up with the company’s founding family. EQT said Friday that one of its funds would spend 207.95 billion ($1.37 billion) to buy Benesse shares through an tender offer as part … Read more

Former NYSE President in Talks to Reboot FTX Exchange

Former NYSE President in Talks to Reboot FTX Exchange

A company run by former New York Stock Exchange President Tom Farley is among three suitors vying to buy the remnants of FTX, as the auction for the collapsed cryptocurrency exchange founded by Sam Bankman-Fried reaches its final stages. Bullish, the crypto exchange run by Farley, fintech startup Figure Technologies and crypto venture-capital firm Proof … Read more

TPG Gains on Stepped Up Deal Activity

TPG Gains on Stepped Up Deal Activity

Nov. 7, 2023 6:25 pm ET|WSJ Pro Buyout firm TPG boosted its deal activity in the September quarter, defying a broader slowdown and notched two significant sales, including an exit from its 13-year investment in Hollywood talent company Creative Artists Agency. That transaction helped bolster the firm’s distributable earnings, a closely watched performance metric that … Read more

Goldman Moves to Unload GM Credit Card

Goldman Moves to Unload GM Credit Card

Updated Nov. 7, 2023 5:44 pm ET Goldman Sachs plans to begin a process to unload its General Motors credit card program in another step away from its failed foray into consumer lending. The bank on Tuesday informed a group of employees within its Platform Solutions division, who work on the GM card, that a … Read more

Carlyle Group Posts Lower 3Q Revenue

Carlyle Group Posts Lower 3Q Revenue

Carlyle Group reported a sharp drop in third-quarter revenue, reflecting the sluggish pace of dealmaking. The investment firm posted a profit of $81.3 million, or 22 cents a share, down from $280.8 million, or 77 cents a share, in the same period last year. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8